Historic Cambodian Riel Eritrean nakfa

Cambodian Riel eritrean nakfa history for December 2023. The highest quote for this month is 0.003752 (19/12/2023) and the lowest 0.003787 (14/12/2023). The difference between high and low is -0.93.

KHR ERN average rate for December 2023 is 0.00369, the change between 01/12/2023 and 31/12/2023 is -0.19 %.

01 December 20231 KHR = 0.0037 ERN
02 December 20231 KHR = 0.0037 ERN
03 December 20231 KHR = 0.0037 ERN
04 December 20231 KHR = 0.0037 ERN
05 December 20231 KHR = 0.0037 ERN
06 December 20231 KHR = 0.0037 ERN
07 December 20231 KHR = 0.0037 ERN
08 December 20231 KHR = 0.0037 ERN
10 December 20231 KHR = 0.0037 ERN
11 December 20231 KHR = 0.0037 ERN
12 December 20231 KHR = 0.0037 ERN
13 December 20231 KHR = 0.0038 ERN
14 December 20231 KHR = 0.0037 ERN
15 December 20231 KHR = 0.0037 ERN
16 December 20231 KHR = 0.0037 ERN
17 December 20231 KHR = 0.0037 ERN
18 December 20231 KHR = 0.0037 ERN
19 December 20231 KHR = 0.0037 ERN
20 December 20231 KHR = 0.0037 ERN
21 December 20231 KHR = 0.0037 ERN
22 December 20231 KHR = 0.0037 ERN
23 December 20231 KHR = 0.0037 ERN
24 December 20231 KHR = 0.0037 ERN
26 December 20231 KHR = 0.0037 ERN
27 December 20231 KHR = 0.0037 ERN
28 December 20231 KHR = 0.0037 ERN
29 December 20231 KHR = 0.0037 ERN

22/04/2020: COVID-19 Impact

The COVID-19 pandemic caused disruptions in the Cambodian economy, leading to a decline in the value of the Riel.

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

04/01/2001: Riel Redenomination

The Cambodian government redenominated the Riel by removing four zeros, making it easier for transactions.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

20/03/1995: Dollarization

Cambodia officially adopted a dual currency system, allowing the use of both Riel and the United States Dollar.

20/03/1994: Currency Stabilization

Cambodia implemented a new currency stabilization plan to control hyperinflation and stabilize the Riel.

07/01/1979: Liberation of Cambodia

Vietnamese forces liberated Cambodia from the Khmer Rouge, leading to the reestablishment of the Riel.

17/04/1975: Khmer Rouge Regime

The Khmer Rouge regime took control of Cambodia, resulting in the abolition of currency and economic collapse.

11/07/1951: Introduction of the Riel

The Riel was established as the official currency of Cambodia, replacing the French Indochinese Piastre.
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